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Politician indicted for money laundering

Mar 8, 2007, 22:45 GMT

NEW YORK, NY, United States (UPI) -- New York prosecutors Thursday indicted a Brazilian political figure for allegedly stealing more than $11.6 million from a Brazilian public works project.

Wednesday, March 7, 2007

Grand jury indicts Plano man with mail fraud and making false statements in used car sales

By Pegasus News wire

 

A federal grand jury in Dallas indicted Massoud Mortazavi-Koupai of Plano with six counts of mail fraud and three counts of making a false statement on transfer of a used motor vehicle, related to a fraudulent scheme which included concealing structural damage and odometer discrepancies. It is anticipated that Mortazavi-Koupai, 46, will surrender to federal authorities and then appear before a U.S. magistrate judge.

 

The corruption and money-laundering indictment charges Paulo Maluf -- a former Sao Paulo governor and mayor who is a prominent legislator -- with transferring public funds to a European tax haven through a New York bank, District Attorney Robert Morgenthau said.

The funds were allegedly transferred via black-market operators in Brazil who specialize in moving large sums of money around the world.

Morgenthau, who says he is unable to extradite Maluf and his codefendants, alleges the legislator and his son stole millions from a local highway project through inflated invoices and kickbacks, then transferred at least $140 million to an account code-named 'Chanani' at New York`s Safra National Bank.

... Full Story